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Monthly Dose for the Monthly Close

For the Evolving Accounting Department

October 2012

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About ART

ART equips executives with striking insight into their balance sheet by transforming the account reconciliation process.  Do away with spreadsheets, crazy emailing and manual distractions.  Enjoy ART's powerful workflow management and reporting tools to automate account reconciliations and become more productive without ever installing software.

Whitepapers

Three Ways to Torture Your CFO



Redefining Management's Expectations on Quality, Productivity and Cost of Maintaining a Healthy Balance Sheet


 

We Know That...

Adopting new technology is a big change.  That’s why we offer different ways to help you decide if ART is right for your accounting group. 

FREE TRIAL
Sign up for a free trial.  In just a few days, your accounting team can test drive ART for themselves.

LIVE DEMO
Schedule a private demo for your group to see how ART can transform your account reconciliation process without breaking the bank. 

TALK TO US
See if ART can drive productivity and automation into your monthly close by lightening workload, standardizing and creating total transparency.




If It Ain't Completely Broke...

  Nancy Wu, Head of Client Service

Many years ago I interviewed for an internship.  The interviewer asked what I would be if I had to be a household item.  I said toilet paper, because you take it for granted when it’s there.  But when it’s not, you are in deep shitake.  But maybe I should have said scotch tape.  It’s equally indispensable, but less gross and much more PC for an internship at a public accounting firm.

At work, many process workarounds are “scotch tape” fixes, where an inexpensive and non-invasive solution is applied to prevent a problem from getting worse.  While it doesn’t solve the problem, this type of fixes stops the bleeding temporarily.

It’s deliciously tempting to devise small workarounds to everything that’s not working quite right, because it’s an easy and fast way to make do for a just a little while longer.  But eventually, and inevitably, this leads to us find ourselves navigating through processes wrapped in a lot of tape.

Part of thriving professionally is being able to execute and make an impact at work.  Both are hard to do when we have to stumble through small but frequent workarounds throughout the day in order to get things done. 

How much metaphorical scotch tape is keeping you from doing your best work?  Here are some indicators of taped together stuff that are perhaps ripe for more permanent solutions, for the sake of maintaining your team’s professional standards as well as department moral

  1. The same kind of fire drills that happen over and over again.
  2. Extra work and documentation created and maintained solely to satisfy compliance or audit
  3. Ongoing checklists and reports that have to be compiled manually.
  4. Having to choose between form and substance.  Having to choose form over substance
  5. An incredible amount of “heads down” work that is borderline administrative in nature

So, even if it ain’t completely broke, sometimes it is better to just skip the easy temporary fix and choose an enduring solution instead.

We Think You Should Get Out More

At SkyStem, we believe that account reconciliations shouldn’t get in the way of life.  We help you get them done fast, get them done right, so you can get out of the office and on with your life!

See how we can help automate and streamline your month-end account reconciliations.



Here's to an Awesome Close!


  
  


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